Mongolian Economy and Finance

China’s government revealed it had approved the creation of two regional REE monopolies with the mergers to take place by the end of this year.

When LVMH bought 80 per cent of Loro Piana, the über-luxe Italian brand, for €2.7 billion, there must have been a host of reasons, but one thing we can be sure of is that LVMH didn't eye it up just for its 130 retail outlets and the cachet of the label.

BEIJING, Jan 3 (Reuters) - China's biggest producer of rare earths, the Inner Mongolia Baotou Steel Rare Earth Group , has acquired nine regional mining companies as part of a government masterplan to consolidate the sector.

TORONTO (miningweekly.com) – The stocks of North American rare earth elements companies rose on Tuesday on overnight news that China was indeed likely to start buying billions of yuan rare-earth minerals next month to bolster its strategic reserves.

Russia will invest $1 billion in rare earths production by 2018 in a bid to become less dependent on China, which controls more than 90 percent of global supply of the elements used in sectors including defence, telecommunications and renewable energy.

Rising Nonferrous Metals Share Co. (600259) and Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co. led China’s rare earth stocks higher following a report the nation will curb illegal production of the metals.

Japan is celebrating the find of an “astronomically” high level of rare earth deposits at the bottom of the Pacific Ocean, a discovery which will further undermine China’s failing attempts to control the global supply of the substances.

Japan will launch a survey of its Pacific seabed, an official said, hoping to find rare earth deposits large enough to supply its high-tech industries and reduce its dependence on China.

China's top rare earth producer announced Friday it will gain control of 12 other firms in the sector, making its first move to form a megacompany.

China's top rare earth producer announced Friday it will gain control of 12 other firms in the sector, making its first move to form a megacompany.

The Inner Mongolia Baotou Steel Rare-Earth (Group) Hi-Tech Co, China's largest rare earth producer, signed an integration agreement with 12 rare earth producers in Inner Mongolia autonomous region on Thursday.

China's Inner Mongolia Baotou Steel Rare-Earth Group (BSR, 600111.SH), one of the largest producers of rare earth minerals in the world, announced Thursday that it has signed agreements with 12 Inner Mongolia-based upstream rare earth enterprises and their shareholders, which indicates the company has started to integrate rare earth resources in northern provinces.

CHINA'S largest rare earths producer yesterday announced that it will continue to halt some of its production for a third month to help stabilize tumbling prices.

China's largest rare-earth producer said Tuesday it would suspend output at some plants for another month, extending a halt started in late October to try and stem falling prices.

BEIJING, Dec. 25 (Xinhua) -- China's largest rare earths producer on Tuesday announced that it will continue to halt some of its production for a third month to help stabilize tumbling prices.

Baotou Steel Rare-Earth will halt firing, smelting and separation of rare earths at its factories in Baotou in the northern region of Inner Mongolia for one more month, it said in a statement filed with the Shanghai bourse.

Six workers remained in critical condition Wednesday following an accident at a steel plant in Baoshan district that left two dead and 13 injured, hospital officials said.

(Reuters) - Two workers were killed and 13 injured when a furnace at a steel plant owned by Baoshan Iron & Steel (Baosteel) fell, spilling molten iron, the third fatal incident at a Baosteel plant this year.

BEIJING ( Caixin Online ) — One crack in a wall is all it would take for a dark gray oval that sits across 11 square kilometers of land to create a massive disaster.

China's restriction of global access to its deposits of rare earth elements starting in 2010 changed the status of these materials in the global economy, creating new diplomatic alliances across Asia and increasing the importance of mining in trade agreements.